PIC buys 8% stake in Northam as Afripalm exits
UPDATED: Lazarus Zim's Afripalm Resources has quit its stake in Northam Platinum,
which sees the platinum producer's BEE shareholding fall to 12%.
Genorah to exit Nkwe over debt
UPDATED: Nkwe Platinum looks set for a change-of-control transaction as its cash-strapped majority and BEE shareholder, Genorah Resources, seeks to sell shares to cover debt.
Lonmin edges lower as no-shows continue
Lonmin’s shares inch further down as the company reports attendance figures of
8% - fewer than one in 12 of the group’s 28,000 workers.
Can Aquarius Platinum survive?
The malaise in the platinum group metal sector has had a greater effect on
Aquarius Platinum’s share price than the global economic crisis.
Workers stay away as Lonmin seeks peace deal
UPDATE: Fewer than one in seven Lonmin employees have turned up for work
as the company aims to have a peace agreement with all unions in place later
this week.
Amplats workers on strike
Anglo American Platinum says around 100 employees at its Thembelani Mine in
Rustenburg refused to go underground during the morning shift change on
Friday.
RBPlat employees return to work
Royal Bafokeng Platinum says its operations at the Bafokeng Rasimone Platinum Mine's north shaft have normalised, following and earlier illegal strike.
Zuma threatens to seize mining licences
President Jacob Zuma, speaking in the North West province, said miners ought to provide decent housing to miners or risk losing their mining licences, comments he made in the wake of the Marikana disaster.
Implats cuts capex but seeks higher output
Uncertain times in the platinum industry have forced Impala Platinum to rein in
capital expenditure, but the company says it will not cut back production in the
foreseeable future.
Chamber, Amcu to talk as strike spreads
UPDATED: The Chamber of Mines will meet trade union Amcu for the first time
on Wednesday. Meanwhile, some workers at Royal Bafokeng Platinum have
reportedly downed tools.